Including this frontpage, this exam has 9 pages.
ERASMUS UNIVERSITY ROTTERDAM
Erasmus School of Economics
Exam Applied Microeconomics (FEB-12001x)
July 17, 2009, 13.30 16.30.
EXAM-INSTRUCTIONS
This exam consists of 40 propositions, numbered from 1 to 40,

Topic 9. Money, Money Market and Monetary policy
Key categories:
Money- represents the means of exchange accepted by all members of community in the
market transactions
Money market- a kind of financial market, which serves the transactions with high liqu

QUESTIONS AND PROBLEMS FOR THEME 9:
AN OVERVIEW OF MARKETING. PRODUCT AND PRICE
Questions for discussion
1. What is Marketing Mix? Identify the four Ps of the marketing mix and list some
typical decisions companies make for each element of the mix.
2. Wha

THE ANALYSIS OF IKEA FROM
A MANAGEMENT PROSPECTIVE
Done by: Bambuleac Eugenia
Cazacu Meri
Auzeac Tatiana
GENERAL CHARACTERISTICS
IKEA Brand Recognition
Since IKEA began in 1943, it has grown
into a successful global network of
stores with its unique retai

Multi-word verbs:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Make out
Drop off
Look forward to
Come up
Get on with
Look up to
Ask around
Break down
Calm down
Come apart
a) Separate
b) Relax after being angry
c) Get upset
d) Understand
e) To break away and fall off
f)

Electronic Money
E-money is the newest instrument in the payment system, and according to one broader definition this is
the money that is transferred electronically. But still, the definition of e-money is more complex and
more precise, and it is a probl

Kondratiev waves
Kondratiev identified three phases in the cycle: expansion, stagnation, and recession. More
common today is the division into four periods with a turning point (collapse) between the first
and second phases. Writing in the 1920s, Kondrati

From: Marketing Department of Zumospa;
To: Directors of Zumospa;
Subject: The best suggestions for future study;
Dear Sirs,
The discussion on our meeting was to make Zumo a global brand. My colleagues and I want to suggest
you some great ideas.
First of a

Individual work
1. Applied aspects of the model of demand and supply. Consequences of the government intervention in the
market mechanism (by taxation, subsidies).
(Draw a diagram to show a tax and subsidy, and analyze their impacts on market outcomes0.
2

Academy of Economics Studies of Moldova
Finance and Banking Faculty
The role of International Monetary Fund and World Bank
Essay at the universitar discipline
Money and Credit
Made by FB 165 student
Pulucciu Maria
Coordinated by associate professor
Ph. D

Aggregate Supply Model. The Worker Misperception
Model:
The worker misperception model, presented by Friedman in 1968 (in his
article entitled Role of Monetary Policy, American Economic Review) is
based on the assumption that wages can adjust freely and q

Digital Economy in Republic of Moldova
Digital Economy is a network of global economies, processes and social ventures by the aid of
computer enabled technologies such as sensory networks, mobile application and internet
platforms. Digital economy entails

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
To
To
To
To
To
To
To
To
To
To
ask somebody out
ask around
break down
come apart
cut in
give in
go out
look out
make up
pass away
To die
To interrupt
To ask many people the same question
To invite on a date
To stop functionin

Marketing- The action or business of
promoting and selling products or services,
including market research and advertising
Production- The action of making or
manufacturing from components or raw
materials, or the process of being so
manufactured
Manageme

Kuznets waves
In economics, a Kuznets curve graphs the hypothesis that as an economy develops, market
forces first increase and then decrease economic inequality. A progression suggests that early
in development, investment opportunities for those who hav